Comment Text:
i0-001
COMMENT
CL-05486
From:
Sent:
To:
Subject:
John Roxburgh Brown
Sunday, February 21, 2010 11:14 AM
secretary
CFTC Seeks Public Comments on Proposed Regulations Regarding Retail FOREX Transactions
given in Release 5772-10 dated 13-1-2010
Secretary
I am delighted you are considering improving the regulation of the Forex brokers but find your
leverage limitation of 10-to-1 too severe and respectfully suggest this should be 50-to-1.
We find FCM Oanda Corp. an excellent Broker but feel with our money management strategy a
minimum of 50 to 1 and anything less would result in us having to remove our money to another
country which is not what you intended.
Yours faithfully
J R Brown in the U K
